We are excited to see the central core of Royal Docks West being constructed at level 12, which takes us up over halfway the development’s 19 floors.
In addition, the level nine concrete slab is being cast and the ground floor block work walls are being constructed. The mechanical drainage is being installed from the lower ground, through to floor three. Electrical containment works are now installed at level five and the scaffold has also been installed and wrapped with monarflex up to the same level. The windows, which will enhance Royal Docks West’s spectacular design, are due to be installed at the end of this month.
Royal Docks West is becoming an increasingly attractive investment with the local area becoming more and more popular and property prices continuing to grow. The Evening Standard’s Homes and Property edition noted that, “As house prices move inexorably upwards, Zone 3 has become the new Zone 2, beloved of first-time buyers because of its easy commutes.”¹ In a separate article the ES Homes and Property identified Newham as one of the two boroughs with the fastest house price growth in the capital, thanks to the regeneration scheme, improved transport links and the “Olympic legacy”.²
With so much going for the area it is no surprise that prices have grown significantly, as noted by Rightmove, “In the past year house prices in Newham were 14% up on the year before and 50% up on 2014.”³
Looking to the future, The Times sees a lot of potential for further growth, stating that, "extensive development is set to make prices soar" and highlighting the impact of Crossrail which has helped the area outperform the wider local markets by 7%.⁴
Knight Frank’s Crossrail report also notes that house prices within a 15-minute walk of Custom House station (which is only a three-minute walk from Royal Docks West) have risen by 51% and that property along the line is likely to see increased demand from buyers and renters once trains start running.
Be among the first to hear about new apartment releases by registering your interest for the upcoming phases of Royal Docks West and discover the educational opportunities in the area in our new Education Guide.
¹ The Evening Standard Homes and Property, “Where to buy in Zone 3: first-time buyer hotspots from Forest Hill to Leyton with easy commutes to central London”, Ruth Bloomfield, Published 20.03.2017 10:16, Seen 11.10.2017 14:22
² The Evening Standard Homes and Property, “Where to buy in London 2017: Olympic boroughs Waltham Forest and Newham revealed as boroughs with fastest house price growth in the capital”, Lizzie Rivera, Published 22.03.2017 17:41, Seen 11.10.17 14:25
³ RightMove, House Prices in Newham (London Borough), Last updated 03.10.2017, Seen 11.10.2017 14:28
⁴ The Times, “The locations that are going places”, Published 19.05.2017, Seen 25.05.2017